Market Forecast By Regions (Europe, Asia Pacific, Africa, Middle East, North America, Latin America), By Material (Gas Permeable, Silicone Hydrogel, Hybrid), By Design (Spherical, Toric, Multifocal, Others), By Application (Corrective, Therapeutic, Cosmetic, Prosthetic, Lifestyle-Oriented), By Distribution Channel (E-Commerce, Eye Care Practitioners, Retail), By Usage (Daily Disposable, Disposable, Frequently Replacement, Traditional) And Competitive Landscape
Product Code: ETC093233 | Publication Date: Sep 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Contact Lenses MarketΒ is projected to witness growth in the coming years. The increase in refractive defects is resulting in the increment in consumer preference towards vision-correcting optical products such as eyeglasses and lenses. As lenses are more comfortable the consumers prefer them over traditional eyewear. Few other factors which contribute as a boost for Global lenses market are the increase in the population of geriatric people, the growing income band of the working class, and the rising popularity of contact lenses among youth. The more complex point for this marketβs growth is the demand surge resulted due to the downfall of the cost of the lenses which is directly influenced by the severe competition among brands. Also, an unhealthy diet and the heavy influence of electronic screens in an individual's day-to-day life have resulted in the rise of the number of visual inaccuracies. The rise in consumer affordability along with a wide product range and swift technological advancements will remain a key factor, boosting product penetration in Global market. The market restraints are the shortage of experienced ophthalmologists, the high cost of contact lenses as compared to spectacles, regulatory obstacles regarding shipment of various materials and equipment, and the growing popularity of eye corrective surgeries. As similar to many businesses COVID-19 pandemic has negatively impacted this Global market too. The main reasons for this being the lockdown and ban on international flights resulting in the regress of market growth for 2020, the reason for this being the safety concerns as wearing spectacle drastically reduce the repetitive contact of hand and face in comparison the contact lenses. Also, the governmentβs sudden introduction of lockdowns resulted in the optometric clinics and stores being closed which impacted the usage of daily disposable contacts. However, the research and trends show that after the first quarter of 2021 the markets will start the stabilize themselves.
According to 6Wresearch, Global Contact Lenses Market size is anticipated to register growth during 2021-2027. The contact lenses market is divided among countries like North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America holds the largest share of Global market for contact lenses, the reason for this being the rising cases of eyesight disorders. The key regions in the North American market are the U.S.A., Canada, and Mexico. The United States is holding a firm grip in terms of market share. Both the U.S.A and Canada are expected to show substantial growth. Europe is following North America in terms of market share, due to the adoption of new technological advancements. The key countries are Germany, France, Spain, U.K., Russia, Poland, and Italy. The German market share is the highest among European countries but the market of France is expected to show the highest growth during the forecast period. The Asia Pacific region is forecasted to have substantial growth due to the increased adoption of contact lenses, specifically, in Japan, attractive iris appearances are a trend nowadays resulting in this growth. The Indian market is expected to have the highest growth. Latin America will be showing substantial growth in the coming years. The Middle East and Africa have a moderate market but are believed to lead the growth due to various healthcare benefits and facilities introduced. Also, the improvement in the healthcare industry and rising knowledge about contact lenses are going to fuel this growth. The major key companies and manufacturers are Contamac, CooperVision, Essilor, Bausch & Lomb Incorporated, Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Services, Inc.), ZEISS International, and others, key market players. A global trend of adoption of new technologies is seen in all these companies and all these regions. Few of the recent happenings include the events like; on June 02, 2020, Bausch & Lomb, introduced its early enlarged depth of focus intraocular lens and a new mono-focal in Europe for the first time, also on October 08, 2019, Johnson & Johnson Company introduced AcuvueRevitaLens for a multipurpose decontaminating solution.
On basis of material, the market is divided into segments such as soft contact lenses, silicone hydrogel lenses, hybrid contact lenses, and polymethyl methacrylate (PMMA) lenses, rigid gas permeable lenses. The soft contact lenses are expected to cover the major stake whereas the maximum growth is estimated to be done by rigid gas permeable lenses. The segments in terms of application for this market are therapeutic contact lenses, corrective contact lenses, prosthetic contact lenses and, cosmetic contact lenses. The highest market share is recorded by corrective contact lenses and this segment is also expected to show the highest growth over the forecast period. Also, in Spain, the corrective lenses are expected to show the highest gain. The therapeutic lenses also held a significant amount of market share which is expected to decrease through our forecast period as drugs can also be transferred to the cornea with this medium. Based on the effectiveness period the market is divided into just two parts namely conventional and disposable wherein the disposable segment is further divided as daily, monthly, and other disposable modalities. Right now, the conventional segment is in the lead in terms of global market share but the constantly growing awareness of the benefits regarding disposable contact lenses is expected to fuel this segmentβs growth.
Global contact lenses market report thoroughly covers the market by material, design, usage, application, distribution channel and key regions including Asia Pacific, Europe, Latin America, North America, the Middle East and Africa and key countries. Global contact lenses market outlook report provides an unbiased and detailed analysis of the ongoing Global contact lenses market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Contact Lenses Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Contact Lenses Market Revenues & Volume, 2020 & 2027F |
3.3 Global Contact Lenses Market - Industry Life Cycle |
3.4 Global Contact Lenses Market - Porter's Five Forces |
3.5 Global Contact Lenses Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Global Contact Lenses Market Revenues & Volume Share, By Material, 2020 & 2027F |
3.7 Global Contact Lenses Market Revenues & Volume Share, By Design, 2020 & 2027F |
3.8 Global Contact Lenses Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.9 Global Contact Lenses Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
3.10 Global Contact Lenses Market Revenues & Volume Share, By Usage, 2020 & 2027F |
4 Global Contact Lenses Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Contact Lenses Market Trends |
6 Global Contact Lenses Market, 2017 - 2027 |
6.1 Global Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
6.2 Global Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
6.3 Global Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
6.4 Global Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
6.5 Global Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
7 Asia Pacific Contact Lenses Market, 2017 - 2027 |
7.1 Asia Pacific Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
7.2 Asia Pacific Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
7.3 Asia Pacific Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
7.4 Asia Pacific Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7.5 Asia Pacific Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
8 Europe Contact Lenses Market, 2017 - 2027 |
8.1 Europe Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
8.2 Europe Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
8.3 Europe Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
8.4 Europe Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8.5 Europe Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
9 North America Contact Lenses Market, 2017 - 2027 |
9.1 North America Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
9.2 North America Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
9.3 North America Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
9.4 North America Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9.5 North America Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
10 Latin America Contact Lenses Market, 2017 - 2027 |
10.1 Latin America Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
10.2 Latin America Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
10.3 Latin America Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
10.4 Latin America Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10.5 Latin America Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
11 Africa Contact Lenses Market, 2017 - 2027 |
11.1 Africa Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
11.2 Africa Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
11.3 Africa Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
11.4 Africa Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11.5 Africa Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
12 Middle East Contact Lenses Market, 2017 - 2027 |
12.1 Middle East Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
12.2 Middle East Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
12.3 Middle East Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
12.4 Middle East Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
12.5 Middle East Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
13 Rest of Global Contact Lenses Market, 2017 - 2027 |
13.1 Rest of Global Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
13.2 Rest of Global Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
13.3 Rest of Global Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
13.4 Rest of Global Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
13.5 Rest of Global Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
14 Global Contact Lenses Market Key Performance Indicators |
15 Global Contact Lenses Market - Opportunity Assessment |
15.1 Global Contact Lenses Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Global Contact Lenses Market Opportunity Assessment, By Material, 2020 & 2027F |
15.3 Global Contact Lenses Market Opportunity Assessment, By Design, 2020 & 2027F |
15.4 Global Contact Lenses Market Opportunity Assessment, By Application, 2020 & 2027F |
15.5 Global Contact Lenses Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
15.6 Global Contact Lenses Market Opportunity Assessment, By Usage, 2020 & 2027F |
16 Global Contact Lenses Market - Competitive Landscape |
16.1 Global Contact Lenses Market Revenue Share, By Companies, 2020 |
16.2 Global Contact Lenses Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |
Β